Camarilla,Standard and Fibonacci Pivot Pro
By TECH-SITE
The Camarilla pivot point trading strategy is a technique that has an astounding accuracy in both regards, with notably reliable performance for day-trading equities.
As in comparison with traditional pivots the place merchants search for Resistance 1 and Support 1 levels, crucial ranges for the Camarilla pivot point variation are the third and fourth levels. Examples of each level, along with what may be thought-about an acceptable commerce motion, are shown here:
Level Price Action
Resistance 4 1500.seventy two Long breakout
Resistance 3 1487.sixty nine Go short
Resistance 2 1483.00
Resistance 1 1479.00
Support 1 1470.31
Support 2 1465.96
Support 3 1461.sixty two Go long
Support 4 1448.58 Short breakout
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